100s of titles, one news app for just $10 a month.
Dive Deeper:
Why Duolingo Shares Are Surging Today
Duolingo Inc (NASDAQ:DUOL) reported first-quarter FY22 sales growth of 47% year-on-year to $81.22 million, beating the consensus of $77.44 million. Total bookings increased…
Why Neo Performance Materials Shares Are Surging Today
Neo Performance Materials Inc (TSX:NEO) (OTC:NOPMF) reported first-quarter revenue growth of 27.1% year-over-year to $166.28 million. Adjusted EPS improved to $0.56 from…
Why Endeavour Silver Shares Are Surging Today
Endeavour Silver Corp (TSX:EDR) (NYSE:EXK) reported a first-quarter revenue increase of 67% year-over-year to $57.7 million, beating the consensus of $52.76 million.…
Why FIGS Shares Are Trading Lower Today
FIGS Inc (NYSE:FIGS) reported first-quarter FY22 sales growth of 26.4% year-on-year, to $110.10 million, missing the consensus of $116.92 million. Active customers grew…
One subscription that gives you access to news from hundreds of sites
Why Applied UV Shares Are Surging Today
Applied UV Inc (NASDAQ:AUVI) subsidiary MunnWorks, a custom manufacturer of luxury mirrors and furniture for the hospitality market, has received a model…
Why IronSource Shares Are Falling Today
IronSource Ltd (NYSE:IS) reported first-quarter FY22 revenue growth of 58% year-on-year to $189.7 million, beating the consensus of $183.6 million. The non-GAAP gross…
Get all your news in one place
Latest Business news:
Coles introduces gender affirmation leave
Grocery giant Coles is introducing 10 days paid gender affirmation leave for its trans and gender-diverse staff.
Read news from The Economist, FT, Bloomberg and more, with one subscription
Learn More
Oil, gas bosses mull zero-emission options
The energy transition must not compromise energy security, which rules out 'de-fossilisation', Australia's biggest oil and gas industry gathering has…
Asian markets mixed after US retail data boosts Wall Street
Hong Kong (AFP) - Asian stocks were mixed Wednesday following a strong start in some markets, which took the lead…
McDonald's, Wendy's Sued Over Burgers Not Being Big And Juicy Enough
A Suffolk County resident is reportedly suing McDonald’s Corp (NYSE: MCD) and The Wendy's Co  (NYSE: WEN), accusing them of defrauding customers by not sell
Metricon to meet with Victoria’s treasurer after company denies rumours of collapse
Acting chief executive of Australia’s largest homebuilder says company will continue business as usual after founder’s death
From analysis to good news, read the world’s best news in one place
Poor Countries Face a Mounting Catastrophe Fueled by Inflation and Debt
Before war ravaged Yemen, Walid Al-Ahdal did not worry about feeding his children. At his hometown near the Red Sea,…
The 'bots' at heart of Twitter buyout row
San Francisco (AFP) - Elon Musk's pausing of his bid to buy Twitter due to questions over "bots" has put…

Why Mullen Automotive Shares Are Surging Today

By Shivani Kumaresan
  • Mullen Automotive Inc (NASDAQ:MULNreported preliminary cash and equivalents of $65.2 million as of Q2-end, primarily due to $43.9 million from the issuance of Series C Preferred Stock and associated warrants.
  • Additionally, the company received $29.6 million in net proceeds under the $30 million Esousa Equity Line, dated September 1, 2021.
  • Total assets rose approximately 138.4% to over $100 million, helped by the financing activities.
  • Mullen's debt fell 10.8% quarter-on-quarter to $16.9 million.
  • Stockholders' equity rose Q/Q to a surplus of +$52.6 million from a deficit of -$10.5 million.
  • "Our balance sheet continues to improve and our EV programs are all moving forward, including the start of the Mullen FIVE RS program," said chairman and CEO David Michery.
  • Price Action: MULN shares are trading higher by 18.9% at $1.03 in premarket on the last check Friday.
What is inkl?
The world’s most important news, from 100+ trusted global sources, in one place.
Morning Edition
Your daily
news overview

Morning Edition ensures you start your day well informed.

No paywalls, no clickbait, no ads
Enjoy beautiful reading

Content is only half the story. The world's best news experience is free from distraction: ad-free, clickbait-free, and beautifully designed.

Expert Curation
The news you need to know

Stories are ranked by proprietary algorithms based on importance and curated by real news journalists to ensure that you receive the most important stories as they break.

Dive Deeper:
Why Duolingo Shares Are Surging Today
Duolingo Inc (NASDAQ:DUOL) reported first-quarter FY22 sales growth of 47% year-on-year to $81.22 million, beating the consensus of $77.44 million. Total bookings increased…
Why Neo Performance Materials Shares Are Surging Today
Neo Performance Materials Inc (TSX:NEO) (OTC:NOPMF) reported first-quarter revenue growth of 27.1% year-over-year to $166.28 million. Adjusted EPS improved to $0.56 from…
Why Endeavour Silver Shares Are Surging Today
Endeavour Silver Corp (TSX:EDR) (NYSE:EXK) reported a first-quarter revenue increase of 67% year-over-year to $57.7 million, beating the consensus of $52.76 million.…
Why FIGS Shares Are Trading Lower Today
FIGS Inc (NYSE:FIGS) reported first-quarter FY22 sales growth of 26.4% year-on-year, to $110.10 million, missing the consensus of $116.92 million. Active customers grew…
One subscription that gives you access to news from hundreds of sites
Why Applied UV Shares Are Surging Today
Applied UV Inc (NASDAQ:AUVI) subsidiary MunnWorks, a custom manufacturer of luxury mirrors and furniture for the hospitality market, has received a model…
Why IronSource Shares Are Falling Today
IronSource Ltd (NYSE:IS) reported first-quarter FY22 revenue growth of 58% year-on-year to $189.7 million, beating the consensus of $183.6 million. The non-GAAP gross…
Get all your news in one place